Today is Thursday, October 26th, 2017, the first day of China Literature's public subscription in Hong Kong. It is also a slightly thrilling day for Futuo and is destined to be missed.

October 29, three days later, will be the fifth anniversary of the official launch of Futu Securities.

If we decide to start directly from the trading link of Hong Kong stocks in March 2011 and echo wrote the code of the first line of Hong Kong stock trading system in June, we have been exploring the road of Internet + Securities for more than six years. Zero-experience cross-line entry, from ignorance to knowledge, piecing together, piece by piece to verify, stumbling all the way from 0 to 1. It's a long way.

Today, we will pay more attention to the issue of development. when we are free, those fragments that used to be related to life and death will occasionally flash before my eyes clearly.

I still remember the situation when we wanted to seek the cooperation of securities firms to pass the exchange certification after the development of our trading system in the second half of 11. After months of repeated refusals, the story would have changed had it not been for the chance to find Dennis, then the managing director of China Eastern Finance, and if he had not foolishly believed us and was willing to help us complete the docking and certification with the exchange.

Cannot drive out the first stake, cannot verify our products and R & D capabilities on the financial side, all may stop at that moment, or change direction from now on.

I still remember the situation when Fortune failed to raise capital for the first time. None of the investors we looked for doubted our ability on the Internet side and on the R & D side, but no one believed that we could set up and build a securities company with incomplete genes. One of the venture capital firms finally failed after many delays in Term Sheet.

At that time, it was August 2012, the application for Futu's brokerage license was halfway, the earlier angel investment had been basically spent, and the regulators began to call for the capital deposit needed for the license. At that time, all the VC they could contact had already contacted, and the angels only expressed their blessings when they heard that such a huge investment was still needed.

As a financial institution, financial strength is always the most important thing in supervision. any further delay will have serious consequences for the issuance of licences, and it is time to make a decision. When I got home that night, I told my wife Rachel about the situation I was facing. After helping me make a detailed derivation, she, as the co-founder of Fortune, did not hesitate to give her support and decided that no matter how we went ahead, we should stand up to the hard work of the team, trust our initial judgment, and not end before we officially started. Don't pussy, you should go all out!

In the early days, Fu Tu was not called Fu Tu, but Fu Tu. Strictly speaking, it was my first venture with Rachel, and Fu Tu was the second one. It helped a lot in both business judgment and company building and operation of Rachel, until Fortune began to introduce more talents, and Rachel chose to withdraw from the company's affairs in order to improve the company's governance structure. In spite of this, I will still have a lot of discussions with her today when she has problems.

In retrospect, without the early difficulties and persistence, there will be no recognition from later investors. Everything is the best arrangement.

The past one-year anniversary is still the one-year anniversary of Fu Tu's remarkable progress.

We have completed the $145.5 million round C financing, with strong financial support, the business has developed rapidly. Hong Kong stocks and US stocks have begun to fully support margin business, and US stock options have also begun grayscale testing and are about to be fully opened; the number of customers, assets and trading volume have continued to rise substantially, and Fortune has reached the edge of crossing from group B securities firms in Hong Kong stocks to group A securities firms; the security and stability of the platform have been further strengthened, and the intuitive feeling given by Futu Niuniu is better to use. Our team is also becoming more and more organized, giving us the ability to do deeper and bigger things.

We are also pleased to see that regulators are actively embracing technology and innovation, and the road ahead is getting wider and wider.

The rich road is just at the right time!

Very grateful that in this era, she has given us more possibilities.

I am very grateful to our team, no matter how many hardships and hardships we have experienced, we never give up and strive to move forward. I want to go with you to the distance we have never been.

I am very grateful to my family. I always get their support in the first place at critical moments.

I am very grateful to our investors. It is your trust and support that has accelerated our growth.

What's more, we should be grateful to each and every one of our users and customers, who have been supervising our progress.

I firmly believe that in the next five years, the rich road will be more wonderful!

FUTU, For U, To U!

Leaf

October 26, 2017 at Futu Shenzhen Office